Minimum wage: FG, Labour reach agreement on percentage increase for workers

The Federal Government and organised labour on Thursday finally agreed on the percentage increase on the consequential adjustment in workers’ salaries as a result of the new minimum wage of N30,000.

As the meeting reached an advanced stage, the Minister of State for Labour and Employment, Festus Keyamo, tweeted from the venue that both parties had reached an agreement, but he did not give details.

The tweet read, “After some delicate negotiations (with both ministers as conciliators), the government and labour have finally reached an agreement on the consequential adjustment of other wages following the implementation of the enhanced minimum wage of N30,000. We are working on the communiqué.”

The both parties agreed to percent increase of 23.2% for workers on level 7 and 20% for workers on level 8, while they agreed on 19% increase for workers on level 9.
They also agreed on 16% salary increase for workers on level 10-14 and 14% increase for workers on level 15-17.

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